Don't expect CRR hike in next RBI policy review, says SBI chairman

Loan growth could be better than in previous fiscal

At a time when the Reserve Bank of India (RBI) is sucking out liquidity from the banking system amid inflationary pressures in the economy, the head of the country’s largest lender has said he does not expect a further hike in the cash reserve ratio (CRR) requirements for the banking industry in the upcoming policy review, scheduled next week.

In a surprise move last month, the six-member monetary policy committee (MPC) raised the repo rate by 40 basis points (bps) to 4.40 per cent in an off-cycle meeting. Also, the central bank hiked CRR by 50 bps to 4.5 per